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Senior Product Manager Salary

Salaries for Senior Product Managers in the United States are generous, with average pay above six figures ($115K) per year. Cash earnings for Senior Product Managers — including $25K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $85K to $160K depending on individual performance. This group's pay is mainly influenced by the company, followed by the particular city and years of experience. Work is enjoyable for Senior Product Managers, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$79,999 - $145,674
(Median)
$80K
$120K
$150K
MEDIAN: $115,283
10%
50%
90%

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$20.53 - $75.76
(Median)
$21
$58
$76
MEDIAN: $57.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$79,999 - $145,674  
   
Bonus
$2,956 - $24,913  
Profit Sharing
$1,943 - $19,895  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,596 - $159,676  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 3,075
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$20.53 - $75.76  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$2,956 - $24,913  
   
Profit Sharing
$1,943 - $19,895  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$84,596 - $159,676  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 21

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Senior Product Managers may progress into high-paying roles like VP of Product Management, where median compensation is $177K annually. The most common promotion for Senior Product Managers is Product Management Director, a position that typically pays $137K annually. Another standard transition for Senior Product Managers seeking advancement is to assume a Marketing Director role, where pay is often $79K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Amazon.com Inc, T-Mobile, Inc., Oracle Corp., Cisco Systems Inc, and Express Scripts Incorporated are top-notch employers for Senior Product Managers in this area. For Senior Product Managers, comfortable salaries can be found at Yahoo! Inc.; in fact, median earnings sit around $165K, the highest in the area. Google, Inc., eBay Inc., and Cisco Systems Inc are a few other companies that offer generous salaries, with Senior Product Managers earning around $162K, $158K, or $158K at each firm, respectively.

Oracle Corp. offers the lowest pay in the industry by far, with a median salary 74 percent lower than the top payer ($95K). Express Scripts Incorporated, T-Mobile, Inc., and Amazon.com Inc also scrape the bottom of the pay scale, with median earnings hovering around $100K, $117K, and $135K.

Popular Skills for Senior Product Manager


Survey takers working as Senior Product Managers report using a large range of professional skills. Most notably, skills in Program Management, Strategy, Strategic Marketing, and Product Management are correlated to pay that is above average, with boosts in pay of 6 percent. At the other end of the pay range are skills like Microsoft Excel, Microsoft Office, and Project Management. The majority of those who know Product Development also know Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience does not seem to be a strong driver of pay increase in this role. Individuals who have worked for fewer than five years report earning $110K on average, a generous six-figure sum for those just starting out. Senior Product Managers bring in $128K after working for 10 to 20 years. More than 20 years of experience mean a somewhat bigger median paycheck of $130K, but it's not much more than what less experienced people make.

Pay Difference by Location


California cities Sunnyvale, San Jose, and Mountain View are lucrative areas for Senior Product Managers, where pay is not only higher than the national average but also represents the three highest-paid areas in the country. Atlanta is home to the smallest salaries in the field, lagging the national average by 13 percent. Minneapolis and Denver are a couple other places where companies are known to pay below the median — salaries tend to be 12 percent less than the median.

Related Job Salaries

United States (change)

Experience Affects Senior Product Manager Salaries



National Average
$124,000



Skills That Affect Senior Product Manager Salaries






Strategic Planning
up arrow 4%

Business Strategy
up arrow 3%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

National Average
$124,000

Product Development
up arrow 1%

Marketing Management
up arrow 2%

Business Development
up arrow 2%

Project Management
up arrow 3%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 541 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
10%
5-9 years
30%
10-19 years
47%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 79% employee benefits None: 4%
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